OREGON CLIMATE TRUST

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

JULIUS PASAY

Phone

5032381915

Tax Period

2025-01-01 to 2025-12-31

OREGON CLIMATE TRUST, founded in 1997, is a mid-sized nonprofit in the Environment sector that reported $18.2M in total revenue in fiscal year 2025. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $17.1M left a modest 6% surplus.

Mission

THE CLIMATE TRUST PIONEERS ACCESSIBLE CARBON MARKET SOLUTIONS THAT BENEFIT OUR CLIMATE THROUGH GOOD LAND STEWARDSHIP.

Program Service Accomplishments

Program 1

Expenses: $16,039,171 Revenue: $16,976,063

THE CARBON OFFSET PROGRAM RECEIVES FUNDS FROM THE MANAGEMENT OF PROGRAMS AND THE SALE OF VOLUNTARY AND COMPLIANCE OFFSETS TO THIRD-PARTY BUYERS. IMPLEMENTS, FINANCES, MONITORS AND ADMINISTERS...

THE CARBON OFFSET PROGRAM RECEIVES FUNDS FROM THE MANAGEMENT OF PROGRAMS AND THE SALE OF VOLUNTARY AND COMPLIANCE OFFSETS TO THIRD-PARTY BUYERS. IMPLEMENTS, FINANCES, MONITORS AND ADMINISTERS CONTRACTS WITH THIRD PARTIES FROM PROJECT ACTIONS THAT PRODUCE MEASURABLE AND VERIFIABLE GREENHOUSE GAS REDUCTIONS "CARBON OFFSETS". CARBON OFFSET CONTRACTS ARE AWARDED TO OTHER ENTITIES IN ACCORDANCE WITH THE ORGANIZATION'S MISSION.THE ORGANIZATION'S TRACK RECORD IS BASED ON OVER TWO DECADES OF EXPERIENCE MANAGING CARBON OFFSET PROJECTS. THE ORGANIZATION INVESTS AND ENGAGES IN THE EARLY STAGES OF PROJECT DEVELOPMENT, WHEN OWNERS ARE SEEKING TO REDUCE RISK AND NEED OPERATIONAL EXPERTISE TO ENSURE THEIR CARBON PROJECTS ARE SUCCESSFUL. THE ORGANIZATION'S CARBON OFFSET PROJECT DEVELOPMENT EXPERTISE AND SUPPORT FOR CLIMATE MITIGATION POLICIES HAS ENCOURAGED MISSION-ALIGNED PARTNERS TO ENTER THE CARBON MARKETS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $3,822

Program Service Revenue $16,976,063

Investment Income $1,185,384

Other Revenue $0

TOTAL REVENUE $18,165,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,469,610

Fundraising Expenses $0

Program Expenses $16,039,171

Other Expenses $14,645,845

TOTAL EXPENSES $17,115,455

Year-over-Year Comparison

	2025	2024	Change
Revenue	$18,165,269	$12,879,885	+0.4%
Expenses	$17,115,455	$10,286,111	+0.7%
Net Income	$1,049,814	$2,593,774	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$725,129

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID VAN'T HOF	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KELLEY BEAMER	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MORGAN RIDER	SECRETARY	1.00	Officer Director	$0	$0	$0
BRAD HUNTER	TREASURER	1.00	Officer Director	$0	$0	$0
ALEXIS NELSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID YEH	DIRECTOR (THRU 01/2025)	1.00	Director	$0	$0	$0
RYAN MCGRAW	DIRECTOR (THRU 01/2025)	1.00	Director	$0	$0	$0
STEPHEN DONOFRIO	DIRECTOR	1.00	Director	$0	$0	$0
PAT OSHIE	DIRECTOR	1.00	Director	$0	$0	$0
CHERIE KEARNEY	DIRECTOR	1.00	Director	$0	$0	$0
JULIUS PASAY	EXECUTIVE DIRECTOR	40.00	Officer	$273,593	$18,207	$291,800
KAREN WARD	CHIEF FINANCIAL OFFICER	40.00	Officer	$239,576	$18,443	$258,019
KYLER SHERRY	CHIEF OPERATING OFFICER	40.00	Officer	$162,741	$12,569	$175,310
JEREMY KOSLOWSKI DIRECTOR	OF FOREST CARBON PARTNERSHIPS	40.00	Highest	$154,365	$14,125	$168,490
VICTORIA LOCKHART	DIRECTOR OF REFORESTATION	40.00	Highest	$175,435	$16,222	$191,657
MADELINE MONTAGUE DIRECTOR	OF FOREST CARBON DEVELOPMENT	40.00	Highest	$122,939	$12,181	$135,120
JARED O'SHAUGHNESSY	OPERATIONS MANAGER	40.00	Highest	$113,241	$14,884	$128,125
TRAVIS CROFT	PROGRAM MANAGER	40.00	Highest	$110,760	$10,974	$121,734

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$18,165,269	$17,115,455	$25,641,627	$1,049,814
2024	$12,879,885	$10,286,111	$26,554,668	$2,593,774
2023	$9,154,064	$6,567,253	$29,327,897	$2,586,811
2022	$9,516,019	$6,239,133	$25,728,774	$3,276,886
2021	$14,712,148	$9,369,928	$32,274,539	$5,342,220
2020	$9,559,026	$7,212,534	$33,329,528	$2,346,492
2019	$9,858,224	$7,850,125	$34,566,452	$2,008,099
2018	$5,998,817	$4,059,060	$32,356,285	$1,939,757